GBP/JPY breaks above 181.00

FXStreet (Córdoba) - The pound is extending gains versus the yen and recently reached at 181.57, the strongest level since March 12. Afterward GBP/JPY pulled back modestly and it was at 181.25/30, rising for the fourth time out of the last five trading days.

GBP/JPY remains bullish

From the lows of the current month, located at 174.83, it has risen more than 4%. The pair accelerated to the upside last week after breaking above the 180.00 area.

GBP/JPY continues to hold a bullish tone and if it keeps climbing it could face resistance at 181.65 (daily high), 182.35 (Mar 05 low) and 183.15. On the opposite direction support might lie at 181.00 (Apr 24 high), 180.40 and 179.65.